IMPACT EVENTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMPACT EVENTS
Largest movements
- Receivables within one year +€106,070
up €106,070 (+17.6%), from €601,080 to €707,150
of which Trade receivables: +€132,439
- Tangible fixed assets -€21,041
down €21,041 (-30.5%), from €69,083 to €48,043
of which Furniture and vehicles: -€16,856
- Stocks and contracts -€12,500
down €12,500 (-100%), from €12,500 to €0
of which Contracts in progress: -€12,500
- Other debts +€120,861
up €120,861 (+6,172%), from €1,958 to €122,819
- Trade debts +€90,293
up €90,293 (+26.7%), from €338,065 to €428,359
- Profit (loss) carried forward -€82,838
down €82,838 (-604%), from -€13,706 to -€96,544
- Advances received -€45,099
down €45,099 (-100%), from €45,099 to €0
- Tax, wage and social debts +€15,331
up €15,331 (+46.8%), from €32,791 to €48,122
of which Taxes: +€22,140
- Gross operating margin -€66,293
down €66,293 (-35.1%), from €188,629 to €122,336
- Depreciation -€7,320
down €7,320 (-27.4%), from €26,760 to €19,441
- Taxes -€2,712
down €2,712 (-100%), from €2,712 to €0
- Staff costs -€2,684
down €2,684 (-1.6%), from €166,104 to €163,420
- Other operating charges -€2,404
down €2,404 (-23.8%), from €10,106 to €7,702
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €701,015 | €786,023 | +€85,007 | +12.1% |
| Fixed assets | 21/28 | €69,083 | €48,043 | -€21,041 | -30.5% |
| Tangible fixed assets | 22/27 | €69,083 | €48,043 | -€21,041 | -30.5% |
| Plant, machinery and equipment | 23 | €26,996 | €22,811 | -€4,185 | -15.5% |
| Furniture and vehicles | 24 | €42,087 | €25,231 | -€16,856 | -40.1% |
| Current assets | 29/58 | €631,932 | €737,980 | +€106,048 | +16.8% |
| Stocks and contracts in progress | 3 | €12,500 | €0 | -€12,500 | -100% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €12,500 | €0 | -€12,500 | -100% |
| Amounts receivable within one year | 40/41 | €601,080 | €707,150 | +€106,070 | +17.6% |
| Trade receivables | 40 | €540,673 | €673,112 | +€132,439 | +24.5% |
| Other amounts receivable | 41 | €60,407 | €34,038 | -€26,369 | -43.7% |
| Cash at bank and in hand | 54/58 | €8,814 | €15,189 | +€6,375 | +72.3% |
| Deferred charges and accrued income | 490/1 | €9,538 | €15,641 | +€6,103 | +64.0% |
| Total equity and liabilities | 10/49 | €701,015 | €786,023 | +€85,007 | +12.1% |
| Equity | 10/15 | €101,754 | €18,916 | -€82,838 | -81.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €105,460 | €105,460 | = | 0.0% |
| Distributable reserves | 133 | €105,460 | €105,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,706 | -€96,544 | -€82,838 | -604% |
| Amounts payable | 17/49 | €599,262 | €767,107 | +€167,845 | +28.0% |
| Amounts payable after more than one year | 17 | €156,885 | €150,000 | -€6,885 | -4.4% |
| Financial debts | 170/4 | €156,885 | €150,000 | -€6,885 | -4.4% |
| Amounts payable within one year | 42/48 | €442,376 | €612,278 | +€169,902 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €23,699 | €12,961 | -€10,738 | -45.3% |
| Financial debts | 43 | €764 | €18 | -€746 | -97.7% |
| Credit institutions | 430/8 | €764 | €18 | -€746 | -97.7% |
| Trade debts | 44 | €338,065 | €428,359 | +€90,293 | +26.7% |
| Suppliers | 440/4 | €338,065 | €428,359 | +€90,293 | +26.7% |
| Advances received on contracts in progress | 46 | €45,099 | €0 | -€45,099 | -100% |
| Taxes, remuneration and social security | 45 | €32,791 | €48,122 | +€15,331 | +46.8% |
| Taxes | 450/3 | €6,411 | €28,551 | +€22,140 | +345% |
| Remuneration and social security | 454/9 | €26,380 | €19,571 | -€6,809 | -25.8% |
| Other amounts payable | 47/48 | €1,958 | €122,819 | +€120,861 | +6,172% |
| Accrued charges and deferred income | 492/3 | - | €4,829 | +€4,829 | |
| Remuneration, social security and pensions | 62 | €166,104 | €163,420 | -€2,684 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,760 | €19,441 | -€7,320 | -27.4% |
| Other operating charges | 640/8 | €10,106 | €7,702 | -€2,404 | -23.8% |
| Gross operating margin | 9900 | €188,629 | €122,336 | -€66,293 | -35.1% |
| Operating profit (loss) | 9901 | -€14,342 | -€68,226 | -€53,885 | -376% |
| Financial income | 75/76B | €1,238 | €31 | -€1,207 | -97.5% |
| Recurring financial income | 75 | €1,238 | €31 | -€1,207 | -97.5% |
| Financial charges | 65/66B | €12,890 | €14,643 | +€1,753 | +13.6% |
| Recurring financial charges | 65 | €12,890 | €14,643 | +€1,753 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,994 | -€82,838 | -€56,844 | -219% |
| Income taxes | 67/77 | €2,712 | €0 | -€2,712 | -100% |
| Profit (loss) for the period | 9904 | -€28,706 | -€82,838 | -€54,132 | -189% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,706 | -€82,838 | -€54,132 | -189% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.